USD/JPY - Analysis

USD/JPY

- Strong bullish movement on HTF with volume imbalance
- Swing High/Low identified on H1 timeframe
- Possible Pullback and continuation to the weekly swing high
- Imbalance on H1 and BoS strongly supports a bullish move around 38.2 / 50 Fibonacci
- Generous SL of 70pips targeting 1:1.5 for the first target and 1:2 for the 161.8 level

Trend Analysis

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